Business

But retailer scales back overseas plans

Angus moves from role at Victoria chamber

Statistics Canada says non-residents reduced their holdings of Canadian securities in June in the biggest decline of the past 3 1 /2 years, following two straight months of acquisitions. Foreigners reduced holdings of Canadian bonds by $7.

Victoria-based Procura, a software vendor for home, community and aged care organizations across North America and Australia, has hired Rebecca MacKinnon as vice-president of the company's product line sales in the United States.

Ukraine has picked a consortium led by ExxonMobil and Royal Dutch Shell to develop its Skifska gas field in the Black Sea, its government said Wednesday.

China's Hebei Iron & Steel has reduced its overall investment commitment to Alderon Iron Ore Corp., which has one of several planned iron ore mining operations on the Quebec Labrador border.

Wednesday, Aug. 23. Greater Victoria Chamber of Commerce board election information session, 8 to 9 a.m., at chamber office, 100-852 Fort St.

Ballard Power Systems said Thursday it has received orders for 102 fuel cell power generation systems to be delivered to Cascadiant Inc., its new Southeast Asian distributor. Financial terms of the sale were not immediately available.

Canada has kept its triple-A rating from Moody's Investors Service.

Potash Corp. of Saskatchewan Inc. said Thursday that it will shut down its Lanigan potash mine for four weeks. The inventory-related shutdown will run from Sept. 15 and Oct. 13, the company said on its website.